Home / Knowledge / News / Textiles / Zero rating zone textile units attract GST on electricity
Zero rating zone textile units attract GST on electricity
02
Aug '11
Through two separate orders, Pakistan's Federal Board of Revenue (FBR) has imposed a General Sales Tax (GST) of 16 percent on supply of power to about 85 registered textile mills that fall in the zero-rating region.

The order says that the textile mills that have been de-notified for zero sales tax rating would have to pay a 16 percent GST on their electricity bill, compared to the earlier zero sales tax facility they enjoyed. This would increase the cost of production of the textile mills to an extent.

The FBR has asked the Islamabad Electric Supply Company (Iesco) to start levying sales tax on the supply of electricity to the de-notified textile units. It has further instructed the Chief Commissioner of the Regional Tax Office in Islamabad to oversee the effective implementation of its General Order by Iesco officials.

Similarly, the FBR has asked the Multan Electric Power Company (Mepco) to immediately start levying a sales tax of 16 percent on the electricity bill of the companies given in the list of 85 registered units. The Chief Commissioners of Regional Tax Offices at Multan and Bahawalpur have been asked by the FBR to coordinate with Mepco officials for the same.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search